According to PublicInvest Research, it has maintained its “Overweight”
rating on the oil and gas sector, aggravating the impact of the lower
supply, the cold war between the US and
Iran has also amplified the threat of military action.
“Therefore,
we believe bullish sentiment in the market is likely to persist in the near
term, providing trading opportunities especially to the pure oil and gas player
like Hibiscus,” it said.